Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


New Hospitality Management Program Starts At CSCC In January

The Business and Information Technologies Division of Chattanooga State Community College announced its new Associate of Applied Science degree program to the Spring 2015 semester lineup. The approved 60-credit hour Hospitality Management program includes concentrations in Culinary Arts, Food & Beverage Management, Hotel Management, and Tourism. The new degree is designed ... (click for more)

Two UTC Students Honored By SGA

Two UTC students who work in the Aquatic and Recreation Center have been recognized by the UTC Student Government Association for providing emergency medical assistance. A student who was working out on the fitness floor of the ARC suffered a sudden health problem resulting in cardiac arrest on Sept. 29. Student staffers Connor Pierce, a junior and criminal justice major, and ... (click for more)

Police Say Hixson Woman In Body Armor Fires At 2 Vehicles; Points Gun At Motorists, Officer

Police said a woman dressed in body armor was finally taken into custody on Friday afternoon after she fired at two vehicles and pointed her gun at other motorists as well as a police officer. At approximately 3:52 p.m., the Chattanooga Police Department responded to 1300 Cloverdale Dr. for shots fired. O fficers located two victims who said they were at a stop sign when ... (click for more)

Man Stabbed Multiple Times On Colonial Drive

A man was stabbed multiple times Saturday morning. At approximately  8:55  a.m., Chattanooga Police were dispatched to 4707 Colonial Dr. for a person stabbed. Officers found the victim, 27, on the floor suffering from multiple stab wounds.  The victim was transported by Hamilton County EMS to a local hospital. Two white male suspects fled the ... (click for more)

Great Care At Memorial Hospital

A couple months ago I developed a bad case of chest congestion. It seemed that all I did was cough, hark and spit. I don't know how that much of gunk can come out of one person. As the congestion seemed to go away another problem popped up. The new problem was when I got up to walk to another room, suddenly the rate of my breathing and heart rate would increase greatly. At times ... (click for more)

Roy Exum: A Tale We Can’t Pass Up

About a week before Christmas, a dear friend shared an email story that I had planned to use on Dec. 25. But then my canine buddy in Indiana, the German shepherd Bela, got a death reprieve and I figured that was too joyous a story to pass up on Thursday. So on a sleepy Saturday when all the presents have been exchanged, here is a story that proves if you can just hold a little ... (click for more)